Interest Payments On Treasury Debt Up 29% y/y

By macromon

Interest payments on the national debt during the current fiscal year (October to February) are up 29 percent y/y, one of the fastest-growing expenditure components of the Federal budget.

Revenues are down, especially individual income taxes, which may reflect the slowing economy.  Theory dictates (ceteris paribus) that government tax revenues should be rising with inflation, however.  Hmmm.